UPDATED: Grant Family Farms liquidates; lender wants crops - The Packer

UPDATED: Grant Family Farms liquidates; lender wants crops

01/10/2013 03:03:00 PM
Coral Beach

“While the story has the appearance of being very sad now, when the final story is told it will be good news for the Colorado front range. The land won’t revert to conventional. It will be operating stronger than ever, unfortunately without the Grant family.”

The Chapter 7 filing estimates $1 million to $10 million is owed to creditors numbering from 200 to 999. It states the farm’s assets are between $500,000 and $1 million.

A meeting of creditors is scheduled for Jan. 22 at the Larimer Colorado Courthouse.

Grant’s attorney, Lee Kutner, confirmed that the 61-year-old farm has ceased operations.

Grant posted a statement on the farm’s Facebook page, saying he is “hesitant to offer any specifics with regard to tomorrow … beyond Chapter 7, nothing is set in stone — and it is important to the farm that it doesn’t churn the cogs in the rumor mill.”

In April 2006, the farm filed for Chapter 11 bankruptcy reorganization. That case was jointly administered with a Chapter 11 filing by Fattoria Accaparanno LLC, Wellington, Colo. Andy Grant was president for Fattoria Accaparanno LLC. The judge in that case stated the two companies operated as a single entity and their customers knew them as Grant Family Farms.

That case was terminated in September 2009 and designated “discharge not applicable.” Debts in that case were also estimated from $1 million to $10 million.

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